Tag: Ghatkesar

Latest StoriesRera

Telangana RERA Stops Developer from Selling Flats, Orders ₹15L Refund

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has prohibited a property developer from advertising, marketing, booking, or selling units or accepting further payments for the ‘Jai Vasavis ORR Heights’ project until further notice. The authority has also mandated that the developer refund ₹14.9 lakh to the complainant, Chilakalapudi Venkateshwara Rao, with an annual interest of 10.7% calculated from the payment dates, within 60 days of receiving the order. Rao, a Ghatkesar resident, lodged a complaint against the developer on June 22. The buyer alleged misleading claims regarding project approvals. Rao stated that he invested in a residential unit for…

Latest StoriesRera

Telangana RERA Orders Developer to Refund Delayed Project Buyers

HYDERABAD: The Telangana Real Estate Regulatory Authority (RERA) has mandated that a real estate developer refund amounts collected from property buyers, along with interest, due to failure to deliver the project on time. The directive was prompted by complaints from two buyers reporting a breach of agreement and non-compliance with the agreed terms. In one case, Musunuru Siva Sankara Rao, a resident of Peerzadiguda, approached RERA after Jayathri Infrastructure failed to deliver a commercial space in the Western Galaxy project by the set deadline of December 2024. The Memorandum of Understanding (MOU) was signed in February 2021, and the buyer…